1-Decanol Market

Market Leader - 1-Decanol Market

The 1-decanol market is estimated to be USD 198 million in 2020 and is expected to reach USD 264 million by 2025, at a CAGR of 5.9% during the forecast period. Factors such as increased demand from home & personal care application and availability of raw materials and growing consumption of 1-decanol in emerging countries of APAC region is expected to drive the market during the forecast period.

Major players profiled in the report include Kao Corporation (Japan), Wilmar International Ltd. (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Sasol (South Africa), Musim Mas Holdings (Singapore), Emery Oleochemicals (Malaysia), Royal Dutch Shell (Netherlands), ExxonMobil Corporation (US), and BASF SE (Germany).

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Players in the 1-decanol market are mainly concentrating on the strategies of expansion and joint venture to meet the growing demand for 1-decanol in various applications.

The growth of the 1-decanol market has been largely influenced by expansions done by major players. The adoption of the strategy of expansion has helped companies to strengthen their product portfolio and meet the specific demands of customers. Companies such as Musim Mas Holdings (Singapore), Sasol (South Africa), KLK Oleo (Malaysia), and Kao Corporation (Japan) are adopting these strategies to maintain their premium position in the market.

Musim Mas Holdings (Singapore) is one of the players in the 1-decanol market. The company is focusing on enhancing its position by expanding their business in various applications. For instance, Musim Mas holdings started its first R&D and innovation center, Novel Ideas Center, in Singapore. This facility focuses on developing new solutions using palm oil-based functional blends and specialty fats to address different needs across the food & beverage industry.

Sasol started a new alkoxylation plant in Nanjing, Jiangsu Province, China. The new production unit is expected to revolutionize and expand the company’s current alkoxylation capacity, R&D facility, and technical support capability in Nanjing. This expansion is expected to help the company strengthen its position in China and meet the country’s growing demand for specialty chemicals. The project is expected to either use branched or linear alcohols to meet customer requirements in applications, such as detergent, metalworking & lubrication, personal care, and others.

Kao (Japan) enhanced its production capacity for 1-decanols at Pilipinas Kao Inc. (PKI) in the Philippines. The company expanded its production capacity at PKI to cater to the growing demand for 1-decanol, especially in Asia. With this expansion, PKI's 1-decanol production capacity increased by approximately 1.4 times in 2017, in comparison to its production in 2016.

Companies also adopted Joint venture as a strategy to expand their market presence. For instance, in May 2019, Kao Corporation (Japan) completed a joint venture with Apical Group, one of the largest exporters of palm oil in Indonesia. A new factory, PT Apical Kao Chemical, will increase the production capacity of oleochemicals and strengthen its supply chain in Southeast Asia.

Related Reports:

1-Decanol Market by Source (Petrochemical Based and Oleochemical Based), Application (Plasticizers, Lubricants, Detergents & Cleaners, Cosmetics & Personal Care, Pharmaceuticals, Flavors & Fragrance), Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
CH 7778
RI Published ON
11/9/2020
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